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BA

Boeing Co. (NYSE:BA) faces further delays in resuming 737 Max jet deliveries to China after an incident involving an Alaska Airlines aircraft, which led China Southern Airlines to conduct additional safety inspections. The delay adds to the challenges Boeing has been facing in China, where deliveries have been halted since two fatal crashes of the 737 MAX 8. The Chinese market is significant for Boeing, expected to account for 20% of global airplane deliveries over the next two decades. The recent incident with Alaska Airlines' MAX 9 has increased uncertainty around the timing of deliveries to China.

Portfolio Pulse from Benzinga Neuro

January 15, 2024 | 7:38 am

F

TSLA

Elon Musk, CEO of Tesla, mocked Ford's patent filing for technology that enables vehicle repossession by disabling features like air conditioning or autonomously moving the car to a repossession agency. The patent, filed in February 2023, was intended as a solution for uncooperative owners during repossession. The story resurfaced on Twitter, prompting Musk's comment. Ford previously stated they do not plan to deploy the feature, and Benzinga has reached out for further clarification.

Portfolio Pulse from Anan Ashraf

January 15, 2024 | 6:40 am

BLK

FNF

TD Cowen predicts the SEC will delay approval of spot Ethereum ETFs, citing the agency's likely preference to observe Bitcoin ETFs first. The SEC's cautious stance on crypto regulation, as demonstrated by Chair Gary Gensler, supports this forecast. Major firms like BlackRock and Fidelity have shown interest by applying for Ethereum ETFs, despite the SEC's hesitance and the need to classify Ethereum as a commodity.

Portfolio Pulse from Mehab Qureshi

January 15, 2024 | 5:18 am

TSLA

Elon Musk, CEO of Tesla Inc (NASDAQ: TSLA), has tempered expectations regarding the Cybertruck's rollout in China, suggesting that while prototypes could be shipped for display, obtaining road legality for the stainless steel vehicle in China would be very difficult. This comes despite significant interest in the Cybertruck among Chinese consumers, with a group of nearly 500 members with preorders expressing excitement at the prospect of seeing the vehicle. The Cybertruck is currently only available in the U.S. market, with deliveries starting in late November. Additionally, Tesla's chief engineer has indicated that the Cybertruck would face challenges in getting approval in Europe due to safety rules aimed at pedestrian protection.

Portfolio Pulse from Anan Ashraf

January 15, 2024 | 4:17 am

F

Ford Motor Company (NYSE:F) is expected to excel in 2024 by focusing on profitable hybrids and improving quality control. Ford's hybrid sales grew significantly in Q4 2023, outpacing EV sales. Jim Cramer supports Ford's hybrid strategy, suggesting resource allocation to this area. Analysts from Morgan Stanley and Wells Fargo see potential for Ford amid a challenging auto industry by strategic capital allocation and product focus. Ford plans to reduce all-electric Lightning production and address high warranty costs due to recalls and inflation.

Portfolio Pulse from Benzinga Neuro

January 15, 2024 | 3:33 am

TSLA

Tesla CEO Elon Musk has responded to concerns about the Cybertruck's performance in snow, stating 'Tesla is excellent in snow.' This comes after videos surfaced online showing the Cybertruck struggling in snowy conditions. Gene Munster from Deepwater Asset Management commented on CNBC that he believes Tesla will resolve the issue, suggesting that a software update or tire tweak might be necessary for the Cybertruck to succeed in snowy regions. Tesla aims to deliver 250,000 Cybertrucks annually.

Portfolio Pulse from Anan Ashraf

January 15, 2024 | 3:05 am

BTCUSD

DOGEUSD

ETHUSD

LINKUSD

TONUSD

XTZUSD

Cryptocurrencies Bitcoin, Ethereum, and Dogecoin saw a decline after the initial excitement over Bitcoin ETFs faded. Bitcoin had spiked to $49,000 but later dropped, while Ethereum and Dogecoin also experienced decreases. The global cryptocurrency market cap increased slightly. U.S. stocks had a mixed performance, with the S&P 500 and Nasdaq Composite seeing marginal gains. The market is closed on Monday for Martin Luther King Day. Analysts suggest Bitcoin may consolidate, and altcoins could flourish, with Ethereum potentially becoming the next asset on a spot market ETF.

Portfolio Pulse from Mehab Qureshi

January 15, 2024 | 2:41 am

AMZN

FDX

PDD

FedEx Corp. (NYSE:FDX) has announced the upcoming launch of a data-driven e-commerce platform named fdx, set to debut in fall 2024. The platform aims to integrate various aspects of the customer journey, from demand enhancement to simplified returns, leveraging FedEx's physical transportation network and data insights. This move positions FedEx as a potential competitor to Amazon.com Inc (NASDAQ:AMZN) and other e-commerce entities like PDD Holdings Inc's (NASDAQ:PDD) Temu and TikTok. The announcement comes amid a broader competitive landscape in e-commerce and related digital capabilities.

Portfolio Pulse from Benzinga Neuro

January 15, 2024 | 1:50 am

AAPL

Apple Inc. (AAPL) is set to release its Vision Pro mixed-reality headset on Feb. 2, with preorders starting Jan. 19. Priced at $3,499, the headset faces marketing challenges due to its limited battery life, unwieldy design, and lack of a 'killer app.' Apple has prepared an extensive sales pitch, including a 25-minute demo and training for employees. The demos will involve a detailed fitting process and showcase various features and third-party apps. Despite initial interest, Bloomberg's Mark Gurman anticipates demand may taper off due to the product's high price and cumbersome nature, though it could lay the groundwork for future success.

Portfolio Pulse from Shanthi Rexaline

January 14, 2024 | 6:19 pm

TSLA

Tesla, Inc. (NASDAQ:TSLA) is anticipated to report lower Q4 revenue and earnings year-over-year. Key figures include a consensus EPS of 73 cents, a 39% drop, an auto gross margin estimate of 17%, and a 2024 delivery estimate of 2.195 million units, a 21.1% increase. Future Fund's Gary Black predicts a 16% auto gross margin and a 70 cents EPS. Tesla's stock has been declining since Q3 results and did not improve after the Cybertruck launch. The stock fell 3.67% to $218.89 recently, with a 12% drop in January, partly due to price cuts in China.

Portfolio Pulse from Shanthi Rexaline

January 14, 2024 | 4:10 pm